WASHINGTON -- House Speaker
Boehner (R-Ohio) defended a Republican bill set for House consideration Wednesday that would order the
The bill comes as congressional
"Our goal here is to not default on our debt," Boehner told Bloomberg Television on Tuesday. "I think doing a debt prioritization bill makes it clear to our bondholders that we're going to meet our obligations."
Boehner reiterated that holders of U.S. debt should take priority.
"Listen, those who have loaned us money, like in any other proceeding, if you will -- court proceeding -- the bondholders usually get paid first," he said. "Same thing here."
It accused House Republicans of "political gamesmanship" on the debt limit.
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"American families do not get to choose which bills to pay and which ones not to pay, and the
The legislation is unlikely to advance in the Democratic-controlled
The U.S. reached its $16.4-trillion debt limit at the end of last year, but accounting maneuvers by the Treasury Department allowed the U.S. to continue borrowing until a deal was struck as part of the
Congress temporarily suspended the debt limit until May 18, when it would need to be raised.
The Treasury Department again would be able to juggle the nation's finances to buy some time. In addition, improved economic growth and higher tax revenue this year will delay the need to raise the debt limit.
The Bipartisan Policy Center projected last month that the government would run out of borrowing power sometime between mid-August and mid-October.
The Treasury Department has not provided an estimated date as Republicans and Democrats maneuver in the political battle over raising the limit.
Republicans reportedly are considering tying an overhaul of the tax code with raising the debt limit. Boehner did not rule that out.
"We're just starting to have our conversations with the members," he told Bloomberg Television.
"And we're going to have a robust conversation about how do we best address this debt ceiling that we're probably going to have to vote on sometime this summer," he said. "Everything's on the table in terms of consideration."